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Mega Draw of KSFE Swarna Varsha Chittikal

2012-01-28T18:23:00.000-08:00

The mega draw of KSFE Swarna Varsha Chittikal 2011 is going to be held at Hassan Marakkar Hall, Thiruvananthapuram, on 31-1-20112. Honorable Finance Minister of Kerala, Sri, K.M. Mani will inaugurate the function. Department of Lotteries, Government of Kerala, will conduct the process of draw of lots in the same way as lottery tickets are drawn.

The draw is held for a bumper prize of five-gram gold sovereigns. Forty people will get the prize. Thiruvananthapuram region, of which KSFE Attingal Evening Branch is a part, will have six winners.

We wish all our subscriber good luck in the draw. The list of eligible subscribers for the draw is given below (Some customers have not been included in this list due to some technical reasons. They will also be included in the draw. The list of such customers can be found on this page.)

The Kerala State Financial Enterprises Ltd.

Regd. Office :Bhadratha, Thrissur-20

Mega Lotto Number Allocated For Branch

Scheme

SWARNAVARSHA

Branch

ATTINGAL EVENING

286

H.O. Process Month

December

2011

Sl

No

Chitty

No

Chitty Class

Chittal

No

Customer

No

Lotto

No

Subscriber Name

27/2011

1549

117472

MADHUSOODANAN PILLAI S

27/2011

1603

117473

SANDEEP PJ

27/2011

1620

117474

ANU MG

27/2011

1258

117475

NISHA J

27/2011

720

117476

SASIDHARAN NAIR V

27/2011

720

117477

SASIDHARAN NAIR V

27/2011

492

117478

SUNITHA A.

27/2011

1644

117479

PRABHA M

27/2011

1644

117480

PRABHA M

27/2011

1646

117481

SOMARAJANPILLAI

27/2011

1646

117482

SOMARAJANPILLAI

27/2011

1650

117483

SASIDHARAN NAIR G

27/2011

1572

117484

SREEJA D

27/2011

1651

117485

LAJI GL

27/2011

1122

117486

RAJENDRAN NAIR K

27/2011

1193

117487

ANEERSHA F

27/2011

1653

117488

SHEEJA S KUMAR

27/2011

366

117489

VASUDEVAN PILLAI T

27/2011

1658

117490

SAJITHA G

27/2011

1661

117491

SHAJI.S

27/2011

358

117492

SIVAKUMAR T

27/2011

656

117493

GOPAKUMAR P

30/2011

1673

117494

JULIET SK

30/2011

956

117495

VALSALA KUMARY AMMA .P

30/2011

1683

117496

DILIPKUMAR B

30/2011

809

117497

ANU V.S.

30/2011

1355

117498

PRADEEP SR

30/2011

1679

117499

BINITHA KP

30/2011

1623

117500

MOHAMED SHAH BS

30/2011

1639

117501

AJAYAKUMAR S

30/2011

883

117502

JISHAN .J

30/2011

1300

117503

DEEPA S

30/2011

1667

117504

SYAMALA R

30/2011

1681

117505

SHAIJU AA

30/2011

1681

117506

SHAIJU AA

30/2011

344

117507

REEJA SA

30/2011

1320

117508

DILEEP AM

30/2011

1674

117509

RAJEEV S

30/2011

217

117510

BIJU GS

30/2011

1325

117511

HARISH KUMAR G

30/2011

1686

117512

MARRYJOHN

30/2011

1687

117513

BIBIN P JOHN

30/2011

117514

SANTHOSH S

30/2011

1685

117515

PRASANNA KUMARY L

30/2011

746

117516

VELAPPAN NAIR VK

30/2011

746

117517

VELAPPAN NAIR VK

30/2011

746

117518

VELAPPAN NAIR VK

33/2011

1663

117519

MANOHARAN PILLAI B

33/2011

1668

117520

SOPHYA BIJU

33/2011

1699

117521

SHAMILA SHAKKEER

33/2011

1703

117522

RAJU N

33/2011

1688

117523

SINDHU K

33/2011

1297

117524

BALAKRISHNA PILLAI

33/2011

1700

117525

SALILAKUMARY U

33/2011

1616

117526

SHEEJA ABOOBECKAR

33/2011

397

117527

VENUKUMAR J.

33/2011

1702

117528

SINDHU V

33/2011

153

117529

SURESH RS

33/2011

520

117530

DEEPURAJ M.

33/2011

1639

117531

AJAYAKUMAR S

33/2011

1696

117532

SYAMRAJ PK

33/2011

1710

117533

SREEMATHY S

33/2011

1711

117534

SARANGADHARAN C

33/2011

1676

117535

RAJASENAN NAIR V

33/2011

1676

117536

RAJASENAN NAIR V

33/2011

1676

117537

RAJASENAN NAIR V

33/2011

1677

117538

BINDU V K

33/2011

1677

117539

BINDU V K

33/2011

400

117540

ANIL KUMAR K

33/2011

609

117541

SUDHARMINI

33/2011

1683

117542

DILIPKUMAR B

33/2011

1698

117543

SASIKUMAR P

33/2011

241

117544

LEENA PS

33/2011

1688

117545

SINDHU K

33/2011

1690

117546

BINU A

33/2011

1268

117547

HAREESH S

33/2011

400

117548

ANIL KUMAR K

33/2011

242

117549

JEEJA M

33/2011

242

117550

JEEJA M

33/2011

1712

117551

SREEJA RAJANI K

35/2011

1689

117552

ANIL KUMAR A

35/2011

1705

117553

SHINE JB

35/2011

1714

117554

BALACHANDRAN V

35/2011

1726

117555

GAFOOR AK

35/2011

1144

117556

SABU S.

35/2011

1723

117557

RAJAN C

35/2011

1722

117558

HARI KUMAR V

35/2011

539

117559

MANIKANTAN NAIR B

35/2011

1725

117560

SARIKASURESH

35/2011

1663

117561

MANOHARAN PILLAI B

35/2011

152

117562

BINDU VI

35/2011

1085

117563

SHEELA . P. G

35/2011

1724

117564

NIMMY S

35/2011

117565

BIJU VR

35/2011

1663

117566

MANOHARAN PILLAI B

35/2011

840

117567

REMANAN .G

35/2011

313

117568

SOORAJ VS

35/2011

1251

117569

REEJA V

35/2011

1727

117570

SAKUNTHALA KUMARI

100

35/2011

1727

117571

SAKUNTHALA KUMARI

101

35/2011

1727

117572

SAKUNTHALA KUMARI

102

35/2011

1716

117573

VIJAYAKUMARY K

103

35/2011

1716

117574

VIJAYAKUMARY K

104

35/2011

230

117575

MAHESWARI V

105

35/2011

230

117576

MAHESWARI V

106

35/2011

230

117577

MAHESWARI V

107

35/2011

230

117578

MAHESWARI V

Enrollment Started for Suvarna Sreyas Chitty 2011

2012-01-05T16:29:00.000-08:00

Enrollment has started for the new KSFE chitty scheme - Suvarna Sreyas Chittikal 2011. We are starting the following chitties as part of the scheme:

Rs. 25000 x 40 months - Rs. 10 lakhs
Rs. 5000 x 40 months - Rs. 2 lakhs
Rs. 2500 x 40 months - Rs. 1 lakh
Rs. 4000 x 25 months - Rs. 1 lakh

Benefits

The KSFE Suvarna Sreyas scheme offers the following benefits:

First prize: 25 Sovereigns of gold for one person [or Rs. 5.5 lakh cash (whichever less)]

Second prize: 10 Sovereigns of gold for seven persons each, one from each region [or Rs. 2.2 lakh cash (whichever less)]

Other prizes: One 1-gram gold coin for each chitty with number of subscribers less than 40; two 1-gram gold coins for each chitty with number of subscribers greater than 40 and less than 60; three 1-gram gold coins for each chitty with number of subscribers greater than 60.

Special offers

1. Special car loan facility
2. Special chitty loan facility
3. Liability waiver of up to a liability of 2 lakhs on accidental death

These are value-adding offers. The most important and permanent benefits of KSFE chitties are good returns for your money and security for your savings. You are unlikely to get this combination in other investment options.

Stop postponing it. Let the New Year start fresh investment habits in you. Contact us at joinksfe@gmail.com or 286@gmail.com or call us at 9446002081 for more details about KSFE Suvarna Sreyas Chittikal 2011.

Subscription intimation of November 2011

2011-11-12T19:09:00.000-08:00

Subscription intimation of November 2011 of chitties in KSFE Attingal Evening Branch.


Sl No	Chitty no		Class		Inst.no		Auction date		Duration		Inst. amnt	Prized no.		Time
1		33/2010		A		14		04-Nov-11		30	45,134		17		5.30-P.M
2		18/2011		A		6		04-Nov-11		30	8,830		11		5.30-P.M
3		32/08		A		36		05-Nov-11		40	2,500		24		5.30-P.M
4		19/2010		A		18		05-Nov-11		25	4,000		23		5.30-P.M
5		23/2010		A		16		05-Nov-11		40	2,312		17		5.30-P.M
6		33.08		A		36		07-Nov-11		50	1,000		33		5.30-P.M
7		9/09		A		34		07-Nov-11		40	2,500		18		5.30-P.M
8		9/2010		A		22		07-Nov-11		25	2,000		10		5.30-P.M
9		43/2010		A		12		07-Nov-11		40	2,182		31		5.30-P.M
10		27/2011		A		3		07-Nov-11		40	1,875		6		5.30-P.M
11		12/2009		A		32		08-Nov-11		100	3,750		51		5.30-P.M
12		28/2010		A		15		08-Nov-11		30	9,166		25		5.30-P.M
13		29/2010		A		15		08-Nov-11		25	3,842		5		5.30-P.M
14		21/2011		A		5		08-Nov-11		40	18,750		13		5.30-P.M
15		48/2009		A		24		09-Nov-11		25	4,000		24		5.30-P.M
16		24/2011		A		4		10-Nov-11		25	3,308		6		5.30-P.M
17		30/2011		A		2		11-Nov-11		30	8,159		9		5.30-P.M
18		18/08		A		39		14-Nov-11		40	2,500		27		5.30-P.M
19		23/2009		A		28		14-Nov-11		40	2,487		6		5.30-P.M
20		3/2010		A		23		14-Nov-11		25	20,000		12		5.30-P.M
21		2/2011		A		11		14-Nov-11		25	3,796		12		5.30-P.M
22		16/2011		A		7		14-Nov-11		25	3,760		18		5.30-P.M
23		27/2009		A		28		15-Nov-11		50	990		42		5.30-P.M
24		44/2010		A		12		15-Nov-11		25	3,716		9		5.30-P.M
25		19/2011		A		6		15-Nov-11		40	4,225		14		5.30-P.M
26		33/2011		A		2		15-Nov-11		40	3,750		21		5.30-P.M
27		31/08		A		37		16-Nov-11		40	5,000		11		5.30-P.M
28		38/2009		A		27		16-Nov-11		40	2,474		13		5.30-P.M
29		47/2009		A		24		17-Nov-11		40	2,424		16		5.30-P.M
30		10/2011		A		10		17-Nov-11		25	17,000		22		5.30-P.M
31		49/2009		A		24		18-Nov-11		40	4,810		39		5.30-P.M
32		31/2009		A		27		19-Nov-11		40	24,369		3		5.30-P.M
33		12/2010		A		22		19-Nov-11		50	910		35		5.30-P.M
34		16/2009		A		31		21-Nov-11		40	2,500		8		5.30-P.M
35		28/2009		A		28		21-Nov-11		40	4,975		40		5.30-P.M
36		46/2009		A		25		21-Nov-11		30	10,000		9		5.30-P.M
37		21/2010		A		17		21-Nov-11		30	9,627		26		5.30-P.M
38		25/2010		A		16		21-Nov-11		40	2,375		14		5.30-P.M
39		18/2009		A		30		22-Nov-11		30	10,000		2		5.30-P.M
40		45/2010		A		12		22-Nov-11		30	9,832		2		5,30-P.M
41		6/2010		A		23		23-Nov-11		40	2,445		25		5.30-P.M
42		38/2010		A		14		23-Nov-11		40	4,374		7		5.30-P.M
43		6/2011		A		11		23-Nov-11		40	2,248		3		5.30-P.M
44		15/2011		A		8		23-Nov-11		40	2,045		33		5.30-P.M
45		35/2011		A		2		24-Nov-11		40	1,875		2		5.30-P.M

Subscription intimation of October 2011

2011-10-01T00:21:00.000-07:00

Subscription intimation of October 2011 of chitties in KSFE Attingal Evening Branch.

Sl no		Chitty no		Class		Inst. no		Auction date		Duration		Inst. amnt		Prized no.		Time

	1		33/2010		A		13		04-Oct-11		30		44,666		8		5.30-P.M
	2		18/2011		A		5		04-Oct-11		30		8,813		9		5.30-P.M
	3		32/08		A		35		07-Oct-11		40		2,500		19		5.30-P.M
	4		33.08		A		35		07-Oct-11		50		1,000		39		5.30-P.M
	5		9/09		A		33		07-Oct-11		40		2,500		14		5.30-P.M
	6		9/2010		A		21		07-Oct-11		25		2,000		24		5.30-P.M
	7		19/2010		A		17		07-Oct-11		25		4,000		22		5.30-P.M
	8		23/2010		A		15		07-Oct-11		40		2,363		37		5.30-P.M
	9		43/2010		A		11		07-Oct-11		40		2,047		8		5.30-P.M
	10		27/2011		A		2		07-Oct-11		40		1,875		27		5.30-P.M
	11		12/2009		A		31		10-Oct-11		100		3,750		13		5.30-P.M
	12		48/2009		A		23		10-Oct-11		25		4,000		20		5.30-P.M
	13		28/2010		A		14		10-Oct-11		30		9,100		17		5.30-P.M
	15		21/2011		A		4		10-Oct-11		40		18,750		27		5.30-P.M
	16		24/2011		A		3		10-Oct-11		25		3,260		5		5.30-P.M
	17		2/2011		A		10		12-Oct-11		25		3,800		24		5.30-P.M
	18		18/08		A		38		13-Oct-11		40		2,500		32		5.30-P.M
	19		16/2011		A		6		13-Oct-11		25		3,548		5		5.30-P.M
	20		23/2009		A		27		14-Oct-11		40		2,488		13		5.30-P.M
	21		3/2010		A		22		14-Oct-11		25		20,000		10		5.30-P.M
	22		27/2009		A		27		15-Oct-11		50		990		39		5.30-P.M
	24		19/2011		A		5		15-Oct-11		40		4,118		12		5.30-P.M
	25		31/08		A		36		17-Oct-11		40		5,000		7		5.30-P.M
	26		38/2009		A		26		17-Oct-11		40		2,475		33		5.30-P.M
	27		47/2009		A		23		17-Oct-11		40		2,392		26		5.30-P.M
	28		10/2011		A		9		17-Oct-11		25		17,600		25		5.30-P.M
	29		49/2009		A		23		18-Oct-11		40		4,837		3		5.30-P.M
	30		31/2009		A		26		19-Oct-11		40		24,375		12		5.30-P.M
	31		12/2010		A		21		19-Oct-11		50		909		23		5.30-P.M
	32		16/2009		A		30		20-Oct-11		40		2,500		38		5.30-P.M
	33		46/2009		A		24		20-Oct-11		30		10,000		8		5.30-P.M
	35		28/2009		A		27		21-Oct-11		40		4,972		37		5.30-P.M
	36		21/2010		A		16		21-Oct-11		30		9,653		15		5.30-P.M
	37		18/2009		A		29		22-Oct-11		30		10,000		15		5.30-P.M
	38		45/2010		A		11		22-Oct-11		30		9,166		7		5,30-P.M
	39		6/2010		A		22		24-Oct-11		40		2,463		4		5.30-P.M
	40		38/2010		A		13		24-Oct-11		40		4,370		36		5.30-P.M
	41		6/2011		A		10		24-Oct-11		40		2,235		4		5.30-P.M
	42		15/2011		A		7		24-Oct-11		40		2,075		26		5.30-P.M

KSFE Swarna Varsha Chitty @ Onam

2011-09-07T05:29:00.000-07:00

Another Onam. Time for memories and nostalgia. And time for thinking about future too. We politely urge you to add KSFE Swarna Varsha chitty scheme to your thinking menu. The scheme offers fabulous gold prizes. We are sure it will help you to celebrate many more Onams like you are celebrating this Onam.

Have a look at some of the cool Athapookkalams our staff at various branches have made.

Happy Onam to all.

Subscription Intimation for September 2011

2011-09-02T19:00:00.000-07:00

Subscription intimation of September 2011 of chitties in KSFE Attingal Evening Branch.

We wish you all a happy and mirthful Onam. Celebrate Onam and join KSFE's Swarna Varsha chitty scheme.

Swarnavarsha chitty scheme offers fantastic prizes. Check the previous posts for more details.


Sl no	Chitty		Class		Inst.		Auction date		Duration		Inst. amnt	Prized no.		Time

1		32/08		A		34		05-Sep-11		40	2,500		27		5.30-P.M
2		19/2010		A		16		05-Sep-11		25	3,918		11		5.30-P.M
3		23/2010		A		14		05-Sep-11		40	2,220		21		5.30-P.M
4		33/2010		A		12		05-Sep-11		30	44,434		23		5.30-P.M
5		18/2011		A		4		05-Sep-11		30	8,884		23		5.30-P.M
6		33.08		A		34		06-Sep-11		50	1,000		38		5.30-P.M
7		9/2010		A		20		06-Sep-11		25	2,000		9		5.30-P.M
8		9/09		A		32		07-Sep-11		40	2,495		28		5.30-P.M
9		43/2010		A		10		07-Sep-11		40	2,072		40		5.30-P.M
10		12/2009		A		30		12-Sep-11		100	3,750		44		5.30-P.M
11		48/2009		A		22		12-Sep-11		25	4,000		10		5.30-P.M
12		29/2010		A		13		12-Sep-11		25	3,960		23		5.30-P.M
13		28/2010		A		13		12-Sep-11		30	9,165		29		5.30-P.M
14		2/2011		A		9		12-Sep-11		25	3,520		19		5.30-P.M
15		21/2011		A		3		12-Sep-11		40	18,750		38		5.30-P.M
16		24/2011		A		2		12-Sep-11		25	3,000		11		5.30-P.M
17		18/08		A		37		13-Sep-11		40	2,500		20		5.30-P.M
18		16/2011		A		5		13-Sep-11		25	3,540		6		5.30-P.M
19		23/2009		A		26		14-Sep-11		40	2,487		38		5.30-P.M
20		3/2010		A		21		14-Sep-11		25	20,000		9		5.30-P.M
21		27/2009		A		26		15-Sep-11		50	989		26		5.30-P.M
22		44/2010		A		10		15-Sep-11		25	3,798		15		5.30-P.M
23		19/2011		A		4		15-Sep-11		40	3,751		40		5.30-P.M
24		31/08		A		35		16-Sep-11		40	5,000		20		5.30-P.M
25		38/2009		A		25		16-Sep-11		40	2,500		34		5.30-P.M
26		47/2009		A		22		17-Sep-11		40	2,374		19		5.30-P.M
27		10/2011		A		8		17-Sep-11		25	17,000		6		5.30-P.M
28		31/2009		A		25		19-Sep-11		40	24,375		22		5.30-P.M
29		49/2009		A		22		19-Sep-11		40	4,874		18		5.30-P.M
30		12/2010		A		20		19-Sep-11		50	909		9		5.30-P.M
31		16/2009		A		29		20-Sep-11		40	2,485		27		5.30-P.M
32		46/2009		A		23		20-Sep-11		30	10,000		10		5.30-P.M
33		25/2010		A		14		20-Sep-11		40	2,361		24		5.30-P.M
34		18/2009		A		28		22-Sep-11		30	10,000		5		5.30-P.M
35		28/2009		A		26		22-Sep-11		40	4,874		22		5.30-P.M
36		21/2010		A		15		22-Sep-11		30	9,643		19		5.30-P.M
37		45/2010		A		10		22-Sep-11		30	10,000		19		5,30-P.M
38		6/2010		A		21		23-Sep-11		40	2,368		33		5.30-P.M
39		38/2010		A		12		23-Sep-11		40	4,368		13		5.30-P.M
40		6/2011		A		9		23-Sep-11		40	2,250		12		5.30-P.M
41		15/2011		A		6		23-Sep-11		40	2,088		27		5.30-P.M

Swarna Varsha 2011 - Notice of KSFE Attingal Evening Branch

2011-08-23T06:54:00.001-07:00

Here is our brochure of Swarna Varsha 2011 chitties. We wish you all a happy Onam and Ramadan - and happy savings too! (Click on the image to enlarge it.)

KSFE Launches a New Scheme - SWARNA VARSHA 2011

2011-08-09T19:03:00.000-07:00

KSFE is all set to launch a brand new scheme on the eve of Onam this year. The new scheme, titled SWARNA VARSHA 2011, is what its title indicates. It's a monsoon of gold, the most precious investment in these times. The finance minister of Kerala, Mr. K.M. Mani will launch the scheme on August 17 at a function to be held at Hassan Marikkar Hall, Thiruvananthapuram.

The main attraction of the prizing scheme is 40 gold coins of 5 sovereign (about 40 grams) each. The winners of the gold coins will be selected through a state-wide draw of all the customers joined in the scheme. The prizing structure will be such that every region will get their share of prizes. Thiruvananthapuram region, where KSFE Attingal Evening Branch belongs to, will have six gold coins.

In addition, gold coins of one gram will be distributed at branch level for each chitty. One lucky customer from every chitty with less than 50 subscribers and two lucky subscribers of every chitty with more than 50 customers will get the gold coins. The lucky winners will be determined by draw of lots along with the first auction of the chitty.

The other value-adding features of SWARNA VARSHA 2011 are the following:

Loan Facility: Subscribers of this scheme can avail 50% of the total chitty amount as loan after remitting 5% of total installments. That is for a 100-month chitty of Rs. 10 lacs, a customer can avail a loan Rs. 5 lacs after remitting the first five installments.

Swarna Varsha Car Loan: This loan scheme is available for all chitties with a sala (total amount of the chitty) of Rs. 5 lacs or more. 85% of the road cost of the vehicle or 70% the sala, whichever is less, will be given as loan. Half the cost of the vehicle will be accepted as security.

Liability Waiver: In the unfortunate event of the death of a customer, KSFE will waive the liability for SWARNA VARSHA 2011 in the following manner. Nominees of non-prized subscribers will get the entire amount back. KSFE will give the dividend for the installment remitted and will not deduct the formation commission from the amount. For prized customer, in the event of the subscriber's demise, a maximum liability of Rs. 2 lacs will be written off.

We invite all the readers to join SWARNA VARSHA 2011 chitties.

Three Tips to Invest in Reliable Chit Funds

2011-08-06T22:52:00.001-07:00

Hardly a day passes without the news of the collapse of a money chain company, an investment firm or a chit fund. Still, a large number of people invest in similar companies. They innocently think that such things will not happen to them. In fact, it may not happen to them, if they are incredibly lucky. Otherwise, it would be better if you keep the following guidelines in mind while investing in chit funds.

Before we start, here is a disclaimer: We do not say that KSFE is the only company that conducts reliable chit business in Kerala. There are some, very few in fact, private chit owners who do genuine and reliable business.

Tip no. 1: Do the Math

Investment funds and private chit companies have one thing in common. They twist the numbers in their favor, particularly in their advertisements. Thankfully, if you are smart enough, you can judge a chit company solely from its advertisements. Check its schemes and make sure that the numbers add up. That is, for any genuine chitty scheme, the number of months and the number subscribers in that scheme have to be the same. Because chit schemes work on the basic principle that there is one winner of the chitty prize money every month. So, if the duration of the chitty is 100 months, there have to be 100 subscribers as well.

Also, the monthly installment should be such that the amount multiplied by the duration should give the total amount of the chitty (or sala, as it is called in Malayalam). For example, if the total amount of the chitty is Rs.500,000/- and the duration is 100 months, then the monthly installment (the amount before deducting the monthly dividend) should be Rs. 5000/-.

Correct: Rs.5000 x 100 months – Rs.500,000/-

Wrong: Rs.5000 x 120 months – Rs.500,000/-

The second condition is numerically impossible and financially fraudulent.

Tip no.2: Check Registration Details

Kerala has a solid legislation regarding chit funds, the Kerala Chitty Act, which has been going strong for the last three decades. It is intended to protect the rights of subscribers and regulate the activities of the chit companies.

For a start, a chit company must register each chitty with the Registrar's Office in the area. Not only that, the company has to file in the Registrar's Office the details of chitty auction each month and the annual balance sheet of each chitty.

More importantly, the chit companies have to deposit a security before the commencement of each chitty for an amount equivalent to the total amount of the chitty. For example, for a chitty of Rs.100000/-, a treasury deposit of the same amount has to be made. This deposit will be released six months after the completion of the chitty and after publishing the details in Kerala Gazette.

A chitty company has to comply with all these norms if they register chitties in Kerala. But our law allows chit companies to register in other states and conduct operations here. A bit like lotteries from other states and other countries. It is better to be circumspect of the chitties registered in other states or cities. The most notorious places for fraudulent chitty registration are Faridabad, Jammu, Srinagar, and Chennai.

Tip no.3: Check Security Details

This might sound odd, but it is the truth. The chitty company with the most stringent security criteria lasts the longest. Your money will be safe there. That is the reason why we accept genuine and proper security before releasing prize money. If a subscriber stops paying monthly installments after accepting the prize money, how can the chit company provide prize money to the other customers.

All chitty schemes basically distribute the money, after taking some profit in the form of foreman commission. If one or two persons default, chit companies somehow manage. If the number defaulting customers increases, the chit company will be in trouble. Many chit companies have collapsed because of defaulted customers. A good chit fund cannot afford to have defaulting prized subscribers. So, the security norms have to be water-tight.

KSFE, as is quite well known, does not lack in this aspect!

We would love to hear from you: comments, suggestions , doubts, corrections, … anything.

Thanks for reading. And we wish you all safe and ultimately happy-ending investing.

KSFE 2.0

2011-07-30T20:04:00.000-07:00

Amidst the sweltering heat of midsummer, the cacophony of election campaigning and the wild celebrations of the cricket World Cup victory, a quiet revolution happened in KSFE in April this year. All its branches have been computerized. For the outside public, it might be a small breeze on a large treetop. But for us, it’s a wind that shall bring a new world.

Welcome to the new KSFE. It’s smarter, faster and friendlier.

Subscription Intimation for August 2011

2011-07-28T08:33:00.000-07:00

Subscription intimation of August 2011 of chitties in KSFE Attingal Evening Branch


Sl no	Chitty no.		Class		Inst no.		Auction date		Duration		Inst amount	Prized no.		Time

1		33/2010		A		11		04-Aug-11		30	43,316		6		5.30-P.M
2		18/2011		A		3		04-Aug-11		30	7,666		26		5.30-P.M
3		32/08		A		33		05-Aug-11		40	2,500		14		5.30-P.M
4		20/2009		A		25		05-Aug-11		25	2,000		19		5.30-P.M
5		19/2010		A		15		05-Aug-11		25	3,918		14		5.30-P.M
6		23/2010		A		13		05-Aug-11		40	2,247		24		5.30-P.M
7		33.08		A		33		06-Aug-11		50	1,000		6		5.30-P.M
8		9/2010		A		19		06-Aug-11		25	2,000		25		5.30-P.M
9		9/09		A		31		08-Aug-11		40	2,500		13		5.30-P.M
10		12/2009		A		29		08-Aug-11		100	3,750		65		5.30-P.M
11		29/2010		A		12		08-Aug-11		25	3,800		8		5.30-P.M
12		28/2010		A		12		08-Aug-11		30	9,150		7		5.30-P.M
13		43/2010		A		9		08-Aug-11		40	2,123		36		5.30-P.M
14		21/2011		A		2		08-Aug-11		40	18,750		33		5.30-P.M
15		48/2009		A		21		09-Aug-11		25	4,000		21		5.30-P.M
16		2/2011		A		8		12-Aug-11		25	3,790		8		5.30-P.M
17		18/08		A		36		16-Aug-11		40	2,500		2		5.30-P.M
18		31/08		A		34		16-Aug-11		40	5,000		15		5.30-P.M
19		23/2009		A		25		16-Aug-11		40	2,488		21		5.30-P.M
20		27/2009		A		25		16-Aug-11		50	980		20		5.30-P.M
21		38/2009		A		24		16-Aug-11		40	2,437		2		5.30-P.M
22		3/2010		A		20		16-Aug-11		25	20,000		20		5.30-P.M
23		44/2010		A		9		16-Aug-11		25	3,796		21		5.30-P.M
24		16/2011		A		4		16-Aug-11		25	3,392		7		5.30-P.M
25		19/2011		A		3		16-Aug-11		40	3,963		38		5.30-P.M
26		47/2009		A		21		17-Aug-11		40	2,350		14		5.30-P.M
27		10/2011		A		7		17-Aug-11		25	16,580		11		5.30-P.M
28		29/2009		A		25		18-Aug-11		25	4,000		3		5.30-P.M
29		49/2009		A		21		18-Aug-11		40	4,736		9		5.30-P.M
30		31/2009		A		24		19-Aug-11		40	23,725		2		5.30-P.M
31		12/2010		A		19		19-Aug-11		50	908		21		5.30-P.M
32		16/2009		A		28		20-Aug-11		40	2,487		32		5.30-P.M
33		46/2009		A		22		20-Aug-11		30	10,000		22		5.30-P.M
34		25/2010		A		13		20-Aug-11		40	2,364		16		5.30-P.M
35		18/2009		A		27		22-Aug-11		30	10,000		11		5.30-P.M
36		28/2009		A		25		22-Aug-11		40	4,962		31		5.30-P.M
37		21/2010		A		14		22-Aug-11		30	9,597		12		5.30-P.M
38		45/2010		A		9		22-Aug-11		30	9,134		27		5,30-P.M
39		6/2010		A		20		23-Aug-11		40	2,373		32		5.30-P.M
40		38/2010		A		11		23-Aug-11		40	4,375		9		5.30-P.M
41		6/2011		A		8		23-Aug-11		40	2,195		8		5.30-P.M
42		15/2011		A		5		23-Aug-11		40	2,250		36		5.30-P.M

Don't Let Breaking News Become Heart-breaking News for You

2011-07-19T09:23:00.000-07:00

Over the last few months, newspapers have been full of reports about various money-swindling firms across the state. If you missed the news somehow, we have made a poster of such news.

Image provided by KSFE Paripally Branch

In fact, one can make numerous collages of such news items. Here is what Pavaratty Branch of KSFE created:

Vicious Cycle

The same newspapers that carry these news items also carry the advertisements of new financial schemes, chit funds, and kuri companies in the private sector. Such companies promise unbelievable returns for your investment. It's worthwhile to remember that some of the now infamous companies mentioned in the newspaper reports had also provided attractive advertisements in the media. Apple-a-Day, for instance, had even sponsored a reality music show in a TV channel with some of the leading playback singers in Malayalam appearing as the judges.

It is a vicious cycle. First they appear in the newspaper advertisements, and then they become the news. Soon the media will forget about such fraudulent companies. So do most people. Those who lost their hard-earned money in such schemes will remain the only sufferers.

After some months, a new cury company or a money chain scheme props up with their fancy advertisements. Such companies too will eventually make breaking news - only that It will be a heart-breaking news for the customers of the companies. Read a related report here.

Moral of the Story

In financial aspects, an old adage still remains the gold standard: if something sounds too good to be true, it probably is.

Issued in public interest by KSFE Attingal Evening Branch

Happy Times for KSFE Attingal Evening Branch

2011-07-05T19:04:00.001-07:00

The last two months have been really good for us, at KSFE, Attingal Evening Branch. First, one of our esteemed customers and a renowned scholar in Attingal, Sri. Bhasiraj, won the first prize in Pravasibandhu chitty prize scheme. He won a Maruti Alto car. We congratulate Sri. Bhasiraj on this happy occasion. He is a long-time customer of various branches of KSFE in the region.

And then we crossed Rs. 1 crore sala. Sala is the overall chitty business volume and is the frame of reference for measuring the business growth of a branch. We have shown consistent growth right from our start. We believe KSFE Attingal Evening Branch is one of the quickest branches to reach 1 crore sala. We thank all our customers and well-wishers, without whose co-operation we would not have achieved this milestone.

Thanks all. Let us continue the mutually beneficial association.